Page 387 - Hydrocarbon Exploration and Production Second Edition

374 Risk Analysis for Major Capital Investments in Projects

Responsible Comm. Mgr HR Env. Mgr Cost engr. Prod Chem. Proj. Eng. Comm. Mgr Process Eng. Drlg. Mgr Process Eng. Geologist Geologist Res. Eng. Geologist Geol/Res Eng Res. Eng.

Potential Mitigations Discuss PSC terms with Oil Ministry Local recruitment and training Discuss with govt as soon as possible - opportunity to influence legislation Consider refining the cost estimates Sample fluids in next test and consider sweet service metallurgy Consider alternative concepts for development - FPSO, subsea tie-backs Plan timing of

Ability to Influence M H M H H H H H H L M H M H H M

Points 12 12 9 12 9 16 4 12 9 9 12 8 16 12 12 12

Impact M M M H M H L H M M H L H H H H

Probability H H M M M H L M M M M H H M M M

Fiscal system not finalised Environment policies still immature - flaring may not Costs poorly understood noted in some Current capex high - no alternative development concepts yet considered Ability of Host to handle field production in timely Potential waxing in tie-back 2 drilling platforms - is this an unnecessary cost levels will impact the f

Description Lack of local skilled workforce be an option CO 2 production tests manner pipeline CO 2 affecting the field partner buy in. may not reduce well count Risk

Category Commercial Commercial HSE Facilities Facilities Facilities Facilities Process Wells Wells / Fac G&G G&G G&G RE RE RE of a Example

I.D. C1 C2 C2 F1 F2 F3 F4 F5 W2 W5 G1 G2 G3 RE1 RE2 RE3
15.9
Figure